According to the recent study the metal matrix composites market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by increasing Fhomedemand for lightweight materials, growing consumer concerns regarding increasing oil prices for vehicles and rising concerns regarding environmental degradation.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in metal matrix composites market by reinforcement type (continuous, discontinuous, and particles), production technology (liquid metal infiltration, powder metallurgy, casting, and deposition techniques), reinforcement material (alumina, silicon, carbide, carbon fiber, and others), product (aluminum, nickel, refractory and others), fillers (silicon carbide, aluminum oxide, titanium carbide, and others), end use industry (automotive & transportation, thermal management, aerospace, defence, industrial, electrical & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Refractory market is expected to remain the largest segment during the forecast period.”

Based on product, the metal matrix composites market is segmented into aluminum, nickel, refractory and others. Lucintel forecasts that the refractory market is expected to remain the largest segment due to the growing demand for durable and high-precision equipment and rising demand for display devices and new electronic products.

“Within the metal matrix composites market, the automotive & transportation segment is expected to remain the largest end use industry”

Based on end use industry the automotive & transportation segment is expected to witness the highest growth over the forecast period due to the increasing demand for automotive and passenger vehicles, augmented demand for high-performance materials in bulk and passenger vehicles and growing importance of lightweight railway vehicles.

“North America will dominate the metal matrix composites market in near future”

North America will remain the largest region due to the presence of major manufactures, increasing need for fuel-efficient vehicles, and stringent government regulations pertaining to automotive pollution in the region.

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Major players of metal matrix composites market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Materion, CPS Technologies, GKN Sinter Metals, 3M, Destsce Edelstaslwerke GmbH, Metal Matrix Cast Composites, and Plansee are among the major metal matrix composites providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/metal-matrix-composites-market.aspx  or [email protected]